The World’s First Tokenized Architecture & Design Community Launches on the Blockchain.

Images of House 02 by CSA x SOFA.

A new place for design, State of Address (SOFA), is a world-first design community on the blockchain, shifting how design and architecture are made, owned and collected.

Founded by four Melbourne entrepreneurs—Chris Stribley, Domenic Cerantonio, AJ Batra and Anmol Sekhon—SOFA uses non-fungible tokens (NFTs) to turn products of architecture & design into tokenized and investable assets. Not only are these NFTs unique, scarce and transferable, they also provide a plethora of digital and physical utility with the potential to be on-sold for longer-term gain.

Right now, the costs for individuals and communities to engage architects are high and out of arm’s reach for the average person or community. Yet some would argue well-designed spaces (physical and virtual) have never been so important in our lives.

By using NFTs, SOFA sets out to democratize architectural designs and decrease the prohibitive costs of entrance to the end consumer by allowing them access to own one of a limited collection of architectural designs. It also enables emerging and established designers to spread their production costs across the limited series and further receive royalties in perpetuity for good design.

“In Australia, only 2% of all new homes between 2012-2021 were designed by architects. We hope that by reducing the cost to the end-customer, we can increase this statistic and improve the standard of living through better designing buildings and environments,” explains Dom Cerantonio, architect and co-founder of SOFA.

“Prospective buyers will be able to shop through various design pieces till they find what they are looking for, purchase instantly and at a fraction of the cost. Not only will architects and designers recoup their initial costs via the sale of the NFTs but then also receive royalties in perpetuity any time that design is resold in the future—creating a whole new economic model for them,” says Cerantonio.

While the launch of SOFA signifies a new wave in architecture and design for our physical environments, it equally opens a world of possibilities for the digital space.

Anmol Sekhon, blockchain specialist and co-founder of SOFA says: “While it’s clear the ‘in real life’ benefits SOFA can offer, what’s equally exciting is the untapped market opportunity for the digital spaces we’re all becoming accustomed to.”

“Each SOFA NFT aims to provide unique digital immersive environments that could be utilized in various mediums. Think VR based experiences and events to building the designs in metaverses such as Sandbox or Decentraland—the opportunities are endless,” adds Sekhon.

SOFA’s membership will be launched as a ‘mint pass’ in late February. Aside from being a capped community of 1,000 people, it will provide members with the exclusive ability to purchase new architectural design collections as they are released before the public markets.

SOFA will also shortly be announcing its first round of designers, a collection of the world’s best. As the community grows, it plans to be the leading partner for architects and designers to tokenize their designs and provide utility for digital metaverse applications.

To express your interest as a collaborating architect or to learn more, please visit www.s-of-a.io.

Related: NEMO Lighting Enters the World of NFTs.

House 01 by CSA x SOFA.

This Yellowtrace Promotion is proudly supported by State of Address. Like everything we do, our partner content is carefully curated to maintain utmost relevance to our audience. Thank you for supporting the brands that support Yellowtrace. 

[Images courtesy of State of Address.]